North-West UK Sees Almost 1bn in First Quarter

North-West UK Sees Almost 1bn in First Quarter

Image Source: Place North West Commercial property investments in the North West of the United Kingdom have hit £965m in the first quarter of 2018, according to Lamber Smith Hampton’s latest report. These latest figures are more than double (£440m) what we saw in the...
GBP Highest Since Brexit Vote

GBP Highest Since Brexit Vote

The pound’s value is at it’s highest against the US dollar since the Brexit voting caused the pound to devalue. The pound has gained 1% against the dollar to $1.3610. A member of the Bank’s interest rate-setting committee, Gertjan Vlieghe has said that this is...
UK house prices increased by nearly £10,000

UK house prices increased by nearly £10,000

UK house prices increased by nearly £10,000 on average in the last year according to the Office for National Statistics. This means that the average property in the UK in June was £223,257 compared to £214,000 in June 2016. This is fantastic news for property...
UK House Prices Stable Despite Hostile Market

UK House Prices Stable Despite Hostile Market

Robert Gardner, Chief Economist for Nationwide, one of the UK’s largest mortgage lenders, has described the UK’s property market as stable and attributes this to the lack of homes on the market. Despite the uncertainty of Britain’s departure from the European Union...
Record £1.3bn Purchase of UK Real Estate

Record £1.3bn Purchase of UK Real Estate

A new record price has been paid for a single piece of British commercial property. The deal was struck by Lee Kum Kee, the Hong Kong-based food company which specialises in producing oyster sauce and other condiments, who paid £1.3bn (HKD 13bn, $1.7bn) for the...
Increasing Number of Londoners Leaving the Capital

Increasing Number of Londoners Leaving the Capital

There has been a steady increase in the number of people leaving London over the last five years due to escalating house prices. According to analysis from estate agents, Savills, the net migration from London was 93,000 in 2016. Residential property prices in London...